Thursday, Nov 29, 2007
The End of Materialism
Gold Eagle: Real price of silver has been falling for 500 years
This author concludes that a falling price of silver for 500 years should reach zero around 2012.
He also concludes that gold bugs who want a return to the gold standard are just as greedy as the bankers creating fiat money; they just want to change the rules in their favour.
Quote
"The game of Materialism is coming to an end. I know this for a certainty, because there are no longer any significant assets of value available for acquisition, and if you don't believe me on that one, just ask Mr Warren Buffett. And no, it's not just a cyclical phenomenon in the sense that we are used to thinking about."
Food for thought.
Posted by sold 2 rent 1 @ 09:44 AM (846 views) Add Comment
12 Comments
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1. inbreda said...
He says a lot of stuff that I already knew and agree with regarding inflation and "the game".
But I just don't really understand what point he's trying to make. He's acting like he's really clever for working something out - which he's not, because it's fairly bvious to anyone who cares to look.
Don't get it.
2. cyril said...
It seems rather odd that someone is bothering to reopen an old Cornish tin mine if materialism is coming to an end.
3. sold 2 rent 1 said...
inbreda,
"He says a lot of stuff that I already knew and agree with regarding inflation and "the game"."
What he is saying, that most pundits don't get to, is when and how "the game" actually finishes.
He is linking the price of silver reaching zero with the end of the Mayan Calendar (2012)
If the debt bubble keeps growing at its exponential rate, we will surely see fiat currencies of the world destroyed by 2012.
If the price of silver continues its 500 year long term trend then he is also saying there is no backup currency with precious metals - presumably gold will go the same way.
In his final analysis about indigo children (see wikipedia) he sees humans moving to the next level of consciousness where material goods/money are not required.
His concepts seem far fetched now. But maybe we will understand more by 2010/2011
4. sold 2 rent 1 said...
cyril,
"It seems rather odd that someone is bothering to reopen an old Cornish tin mine if materialism is coming to an end."
I think he sees materialism crashing and burning in 2011-2012 as he is forecsting silver to hit $30 an ounce in 2010 before hitting zero.
Lets see if that Cornish tin mine is still open in 2012.
So when gold tops out in 2011 at $60,000 an ounce, maybe we should swap it for a farm in the country and lots of canned food.
5. cyril said...
@str1 - I thought people on this site were generally wary of new paradigms? More often than not, they seem to see the natural state of affairs in terms of repeating patterns (e.g. boom / bust / boom etc.) rather than unprecedented events. In any case, Indigo children will probably still want mobile phones so I there may be a secure future for the tin mine.
Of course we cannot continue at current rates of economic expansion and consumption indefinitely, so it will have to change at some point.
6. Flash_2007 said...
Doesn't make sense to me. Demand for Silver is increasing and supply is reducing. Copper reserves are starting to increase which could be extremely bullish for silver if copper mining reduces over the next few years as silver is a by product. I personally see silver being over $100 per ounce within the next 10 years although obviously dollar weekness will play a part in the high price.
7. Another Alan said...
this is cobblers
8. Cybervigilantes said...
it's refreshing to see some alternative views, although the author doesn't propose any solutions apart from a love and light listen to the children proposal.
cyril,
"It seems rather odd that someone is bothering to reopen an old Cornish tin mine if materialism is coming to an end."
sold2rent:"I think he sees materialism crashing and burning in 2011-2012 as he is forecsting silver to hit $30 an ounce in 2010 before hitting zero.
Lets see if that Cornish tin mine is still open in 2012.
So when gold tops out in 2011 at $60,000 an ounce, maybe we should swap it for a farm in the country and lots of canned food."
CV: He probably has no interest in mining the copper there but sees it more as a place of refuge to fill with tinned soup. If he is correct, with the world's climate becoming more and more volatile, more asteroid sightings and historical evidence of cyclical catastrophe's happening approx every 3600 years (the last being the mythical Noah floods - about 3600 years ago) mini ice ages, volcanoes, earthquakes, wars and other such fun and games then lots of yellow metal isn't really going to be much use to anyone.
with billions of people hooked on the 'materialism' game, the end - as predicted by the author - of it won't be pretty. Those with the most to lose will be the ones fighting the hardest to maintain it, and those people who collectively 'own' most of the planets resources and dictate government policy are doing a good job of making the lives of the poor majority pretty darn miserable.
I've been reading about permaculture and i think any efforts towards living more sustainably would be frugal. It's just taking those first steps I find difficult when i seem to be busy obsessing with the contradictory urge over whether or not to buy a studio flat in the optimum model of feudal capitalism - Dubai.inc. Hopefully it will be finished by the time the 'new era' begins so that I will have a nice view to watch the ensuing chaos.
Tinned food for thought anyway!!
9. sold 2 rent 1 said...
cyril,
I am a bit of a "cycles man" but this time I think will be different.
The repeating pattern of the business, secular and Kondratieff cycles have only been in existence for 300 years, and only exist because of the way the banking system works.
Gradually we are all becoming aware of the flaw in the banking system. Us HPCers are ahead of the curve here.
Do you think after the carnage of repossessions and bankruptcies that lay ahead we can return to such a system?
If the world population is set to peak in 2050ish, the rate of growth will have to slow sharply. It is this population growth that enabled the banking system to have such a good innings. Its days are numbered.
10. Jonathan said...
If there is an end to 'materialism' then you could substitute 'services' and 'experiences'. Both of which are as damaging if you like but at least we won't consume vast amounts of cheap rubbish produced in China.
11. backseatcrasher said...
another one for cobblers!
Oh and by the way - Mayans - very respected but their world ended long before 2012. And I'll eat more than my hat if the world ends on 21 dec 2012, I'll eat all the gold Goldfinger has (if he'll let me but then the world would have ended and he won't need it anymore!) The Mayans only suggested this date was the end of the calender, a little like dec 31st. So I guess we should get ready for a partaaaaaaaaaaaaaay
12. X Blogger said...
Dont you think this housing bust will just be another buying op when it hits the skids..
The 90''s crash looked really grim but look at what happened after. Maybe this is one of the only investment tricks the banks know..
Feedback from wiser people please.